/ Tata Motors To Sell 30% Stake In Tata Technologies To Warbug Pincus ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 16 June 2017

Warburg Pincus, a global private equity firm, is set to acquire 43% stake in Tata Technologies for USD 360 million, which will witness part-exit by Tata Motors in the engineering and design company.
Tata Capital will be divesting its full 13% stake held by Alpha TC Holdings and Tata Growth Fund, whereas Tata Motors will be selling 30% to bring its holdings to 43%.
Tata Technologies is a global engineering services and product development IT company, which employs over 8,500 in 23 countries. It provides services for advanced engineering, R&D, and connected IT solutions.
The share of Tata Motors on the NSE was trading higher by over 1% at Rs 452.95 per share at 1135 hours. It has given negative returns of 0.3% during a period of one year and has underperformed the BSE Sensex and BSE Auto indices.

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